Hedge funds outperform S&P500 in August, despite negative returns

Hedge funds outperformed the S&P500 in August, according to the latest research from Bank of America Merrill Lynch. Flash returns show that the investible Hedge Fund Composite Index was down 0.94% for the month, as of Aug 28, compared to a -4.3% return for the S&P 500 index. This marks one of the few points this year where hedge funds outperformed the index, and is also notable as returns overall were down for the month reversing July gain......................